Business

Access Bank and Finibanco Angola Access Bank has completed the acquisition of majority shareholding in Angolan bank, Finibanco Angola S.A. The bank’s holding company, Access Holdings Plc made this known to the Nigerian Exchange, in a statement Thursday, signed by company secretary, Sunday Ekwochi. The announcement came more than a …

President Bola Tinubu and AfDB President, Akinwumi Adesina The African Development Bank has blamed the Nigerian government for the failure of the manufacturing sector particularly for normalizing electricity crisis and sale of generator sets to run businesses. The President of the AfDB Akinwumi Adesina said lack of electricity is killing …

…Dangote Cement to roll out new plants in Nigeria, Cote d’Ivoire & Ghana.    Dangote Cement has concluded plans to expand its production capacity through the construction of a new 6Mt integrated cement plant in Itori, Ogun State. According to the Group Managing Director, of Dangote Cement, Mr. Arvind Pathak, …

  Two staff members of KFC eatery on 23 Road, Festac Town, Amuwo Odofin area of Lagos, have been arrested over the death of a 20-year-old colleague last Friday. Relatives and friends of the deceased, Anita Chiwendu, had stormed the eatery to demand her corpse, Wednesday morning, five days after …

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has further supported SMEs in Nigeria by storming markets across different states in Nigeria to introduce financial solutions that can transform their businesses. In line with its commitment to driving the growth of small and medium-scale businesses across the country, …

LAGOS, NIGERIA, 12 July 2023: Emirates has launched an on-demand regional charter service, offering flexibility, convenience, privacy and comfort for customers who want to make short trips in the GCC from Dubai’s Al Maktoum International Airport (DWC). Operated by the airline’s Phenom 100 twin-engine aircraft, customers can fly to a wide …

Prepaid meters The Ibadan Electricity Distribution Company (IBEDC) Plc. has announced an upcoming upgrade of its Standard Transfer Specification (STS) prepaid meters to enhance efficiency that aligns with global standards. The upgrade known as Token Identification (TID) Rollover aims to ensure continued seamless operation of prepaid meters while maintaining customer …

Elon Musk and Twitter Elon Musk continues to attack Mark Zuckerberg as Meta’s Twitter clone, Threads, approaches 100 million subscribers. Since the launch of the new platform last week, Musk has been harshly critical of Threads, Instagram’s newest companion app and a direct competitor to Twitter. In recent days, the …

Gbenga Komolafe, NUPRC Chief Investment Officer The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe has said that Nigeria’s gas deposit is enough to meet the needs of the entire continent if adequate funding is provided to develop the needed infrastructure. Komolafe made the comment at …

In a bid to forestall the circumstances that led to Central Bank of Nigeria (CBN) clamping down on FBN Holdings in 2015 when Oba Otudeko was the chairman, majority shareholders of FBN Holding are weighing options to prevent Oba Otudeko from taking over the financial institution. This is in order …